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The IRS issued Revenue Ruling 2023-2, which had a substantial impact on estate planning, particularly where an irrevocable trust is involved. In the last decade or so, more families have begun utilizing irrevocable trusts to protect their assets from spend-down in order to qualify for government benefits, such as Medicaid and VA Aid and Attendance.<br/><br/>Prior to the issuance of this ruling, it was unclear whether assets passing to beneficiaries through an irrevocable trust would receive a step-up in basis, thereby eliminating any capital gains taxes that would otherwise be owed. Historically, assets that are disposed of during an individual’s lifetime are subject to capital gains taxes on the increase in value of that asset over time. The amount of capital gains owed is determined largely by the difference between the value at the time of purchase and the value at the time of transfer.

IRS Quietly Changes The Rule On How Your Children’s Inheritance Will Be Taxed

⏲ 1:29 👁 12.7M

GovernmentofBC

B.C.’s Venture Capital Tax Credit Program – Helping Small Businesses Raise Investment Capital

⏲ 53 minutes 58 seconds 👁 319

GovernmentofBC

Canada’s Free Trade Agreements and B.C.’s Venture Capital Tax Credit Program

⏲ 1 hour 19 minutes 17 seconds 👁 284

The IRS issued Revenue Ruling 2023-2, which had a substantial impact on estate planning, particularly where an irrevocable trust is involved. In the last decade or so, more families have begun utilizing irrevocable trusts to protect their assets from spend-down in order to qualify for government benefits, such as Medicaid and VA Aid and Attendance.<br/><br/>Prior to the issuance of this ruling, it was unclear whether assets passing to beneficiaries through an irrevocable trust would receive a step-up in basis, thereby eliminating any capital gains taxes that would otherwise be owed. Historically, assets that are disposed of during an individual’s lifetime are subject to capital gains taxes on the increase in value of that asset over time. The amount of capital gains owed is determined largely by the difference between the value at the time of purchase and the value at the time of transfer.

IRS Quietly Changes The Rule On How Your Children’s Inheritance Will Be Taxed

⏲ 1:29 👁 2.3M

GovernmentofBC

Opportunities in Canada’s domestic trade agreements and B.C.’s Venture Capital Tax Credit Program

⏲ 1 hour 2 minutes 16 seconds 👁 188

BNN Bloomberg

It may be the wrong time to raise the capital gains tax: Venture capitals

⏲ 7 minutes 👁 4.6K

The IRS issued Revenue Ruling 2023-2, which had a substantial impact on estate planning, particularly where an irrevocable trust is involved. In the last decade or so, more families have begun utilizing irrevocable trusts to protect their assets from spend-down in order to qualify for government benefits, such as Medicaid and VA Aid and Attendance.<br/><br/>Prior to the issuance of this ruling, it was unclear whether assets passing to beneficiaries through an irrevocable trust would receive a step-up in basis, thereby eliminating any capital gains taxes that would otherwise be owed. Historically, assets that are disposed of during an individual’s lifetime are subject to capital gains taxes on the increase in value of that asset over time. The amount of capital gains owed is determined largely by the difference between the value at the time of purchase and the value at the time of transfer.

IRS Quietly Changes The Rule On How Your Children’s Inheritance Will Be Taxed

⏲ 1:29 👁 7.8M

Wealth Club

What are Venture Capital Trusts? VCTs explained for investors (2023): Tax relief, rules, and more…

⏲ 4 minutes 34 seconds 👁 679

Sherman - My CPA Coach

These 7 Investments Will Reduce Your Taxes Immediately

⏲ 12 minutes 26 seconds 👁 231.5K

RE-UNITING Movie Trailer HD - Plot synopsis:Filmed on Bowen Island in B.C., Re: Uniting stars Jesse L Martin (Law & Order, The Irrational, RENT), Michelle Harrison (The Flash), Roger Cross (War For the Planet of the Apes), David James Lewis (Child’s Play), Carmen Moore (Nancy Drew) and Bronwen Smith (Firefly Lane) as six best friends from college who reconnect for their 25 year reunion. <br/><br/>When Rachel, played by Michelle Harrison, receives life-changing news, she secretly grapples with her mortality while playing host to her friends who have grown up and gone their separate ways since college. Carrie, a mother of 3, Natalie, a workaholic neurosurgeon, former football star turned sportscaster Collin, and playboy man-child Danny join Rachel and her husband at their picturesque home on the beautiful and secluded Bowen Island. As soon as they are all together it’s like no time has passed; they laugh, drink and dance the night away. Rachel’s nostalgia is echoed by the group as they realize how much time has gone by, and how much they have all changed. As secrets are revealed, they are forced to change the way they look at their futures.<br/><br/>The film, which had its world premiere at the Austin Film Festival, has already been winning Canadian audiences over, with an expanded run and was held over in theatres in major markets including Vancouver and Toronto.<br/><br/>Laura Adkin, born and raised in Vancouver, BC, began her career in the film and television industry almost 20 years ago. She started as an actor then moved behind the camera as a producer, writer and director. As a filmmaker, Laura has produced numerous films that have played in film festivals around the world. Laura was handpicked for a female directors initiative through Disney and was selected for the Women In the Director s Chair Career Advancement Module. <br/><br/>Re: Uniting is written and directed by Laura Adkin, produced by Krista Rand (Grand Unified Theory) and Stirling Bancroft (Sniper: Assassin’s End) serves as director of photography and Josh Epstein (Adventures in Public School, Eadweard) is Executive Producer. Re: Uniting is the first feature film in the world to be colored with the Barco HDR Lightsteering projector; a state-of-the-art technology sweeping the cinematic world from international tech company Barco. <br/><br/>Gravitas Ventures, an Anthem Sports & Entertainment Company, has acquired U.S. rights to Re: Uniting and will release the film on digital and cable on demand on June 4, 2024. In Canada, Re: Uniting is being distributed by Vortex Media in Canada and is currently available to rent or buy on most streaming platforms in Canada.<br/><br/>The film was made possible with Telefilm \

RE-UNITING Movie (2024) - Jesse L Martin, Michelle Harrison

⏲ 1:31 👁 45K

Principal residence exemption: What you don't know could hurt you

⏲ 8 minutes 10 seconds 👁 3.5K

The RD Guarantee

How To Become a Capital One Venture X Expert

⏲ 13 minutes 40 seconds 👁 4.6K

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